GK Energy IPO Allotment: The Rs 464.26 crore IPO of GK Energy announced its allotment status on September 24, 2025. The IPO is set to list on Friday, and its current grey market premium (GMP) signalled at over 18% premium listing on BSE and NSE. On the stock exchanges, GK Energy will compete against companies like Shakti Pumps and Oswal Pumps. Shakti Pumps is among top rewarders of bonus issue and dividends in the sector. Will GK Energy be bigger than these two companies?
GK Energy IPO Allotment Status:
Investors can review their application status through online mode on BSE, NSE and registrar MUFG Intime India. The direct links are below:
According to Mangal Keshav research report, GK trades at a discount on P/E compared to peers but at a premium on P/B. Its high ROE of 64% is inflated by a small equity base; post-dilution, returns will normalize.
For instance, GK Energy's earnings per share is estimated at Rs 7.9, while price to equity and return on equity ratio is seen at 23.3x and 63.7%. Shakti Pumps, on the other hand, has earnings per share of Rs 32.22, with price-to-equity ratio at 26.39x and return on equity at 46.66%.
The market is valuing GK as if KUSUM continuity is certain; any policy lapse would severely hit revenues and valuations. The company's order book and reported financials offer short-term comfort, but sustainability beyond FY26 remains unproven. Investors must treat this as a binary policy bet rather than a structural compounding story, as per Mangal's research note.
Shakti Pumps Share Price:
After market hours on September 24, 2025, Shakti Pumps share price closed at Rs 850.15 apiece on BSE, with market cap of Rs 10,490.68 crore. The stock delivered Rs 1 dividend per share and its ex-date was on September 18, 2025. Prior to this, Shakti Pumps rewarded investors with bonus issue of 5:1 ratio, which meant, 5 free shares on existing 1 equity share.
GK Energy IPO GMP:
GK Energy IPO last GMP is Rs 28, last updated Sep 24th 2025 06:00 PM. With the price band of 153.00, GK Energy IPO's estimated listing price is Rs 181 (cap price + September 24th GMP).The expected percentage gain/loss per share is 18.30%, as per Investor Grain.
GK Energy IPO Credit Of Shares:
After the allotment of shares, GK Energy IPO is likely to credit shares to eligible shareholders on September 25. Also, refund will be initiated to those investors who did not made the cut for GK Energy.
GK Energy IPO Listing Date:
The IPO is expected to list on September 26. The IPO was available for subscription from September 19 to September 23, 2025. The 100% book building had a price band of Rs 145 to Rs 153 per share. The IPO issue price will be Rs 153, which will be used to compare the listing gains or losses during on September 26.
Overall, the IPO received oversubscription of 89.62x on its final day.
About GK Energy Limited:
GK Energy is a pure play provider of the engineering, procurement and commissioning ("EPC") of solar-powered pump systems under Component B of the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan ("PM-KUSUM") scheme, with approximately 15% of the total solar-powered pump systems installed under the PM-KUSUM Scheme. It also provides EPC solutions for Solar Water Pumping Systems, Jal Jeevan Mission, Solar Rooftop, etc.
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